Prosper.com/Creditcard Offer Code and Review

January 20, 2024
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Take Control of Your Credit with the Prosper Credit Card: A Detailed Look

prosper com creditcard offer code pre approval

The Prosper Credit Card, launched by the peer-to-peer lending platform Prosper, aims to be more than just plastic—it’s a stepping stone towards financial empowerment. Whether you’re building credit, managing debt, or simply seeking a responsible spending tool, Prosper offers a unique take on the traditional credit card. Let’s delve into the details and see if this card lives up to its promises.

Key Features:

Prosper® Card
  • No annual fee for the first year with AutoPay (The annual fee for this credit card is $39, which will be waived for your first year if you are approved and sign up for AutoPay before we issue your first statement.)
  • No security deposit required
  • We don’t charge fees for ATM cash withdrawals ( Third party fees may apply.)
  • Initial credit limit up to $3,000
  • We regularly report on your credit card performance to help you establish credit history
  • Zero fraud liability (which offers protection against unauthorized purchases)
  • While you wait for your Prosper® Card to ship, use a portion of your credit line instantly through Digital Wallet, MyProsperCard App, or Prosper.com
  • Choose a monthly payment date that works for you
  • Free mobile app—MyProsperCard
  • Issued by Coastal Community Bank, Member FDIC pursuant to a license by Mastercard® International
Learn More
Purchase APR Rate: 23.74% – 35.24% – Annual Fee: $39 (waived for the first year if you sign up for autopay before your first statement) – Credit Needed: Fico Score Of 600 Plus – Foreign Transaction Fee: 1% of the transaction amount
Rates & Fees

Potential Drawbacks:

  • Limited Rewards: Unlike many other credit cards, Prosper doesn’t offer cashback or points programs. The focus is purely on building and managing credit, not maximizing rewards.
  • High Interest Rates: The current APR for the Prosper card is (See Terms) based on creditworthiness, which is higher than the average for unsecured credit cards. Responsible spending and timely payments are crucial to keep interest charges under control.
  • Initial Credit Line Might Be Low: The initial credit line may not be sufficient for everyone’s needs. However, automatic reviews offer the potential for increases over time.

Is the Prosper Card Right for You?

If you’re looking for a card to build or repair your credit, prioritize responsible spending, and appreciate educational resources, the Prosper card is worth considering. However, if you’re primarily interested in cashback or travel rewards, other options might be more suitable. Carefully compare interest rates, fees, and features before making a decision.

Should you apply for the Prosper Mastercard offer?

The Prosper® Card, issued by Coastal Community Bank, is tailored for individuals with limited credit history or those working to build or improve their credit. Always consider the fees, APR, and terms associated with the card. While it lacks traditional rewards programs, its accessible starting point, educational resources, and potential for growth make it a compelling option for those seeking to take control of their credit journey.

Additional Resources:

Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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